Since it was launched in 2019, the FTHBI has struggled to gain traction among first-time buyers. As of Sept. 30, 2020, the Canada Mortgage and Housing Corporation (CMHC), which administers the program, said it has received just 9,520 applications worth about $173 million in shared equity mortgages. When the program was first announced, the government earmarked $1.25 billion over three years with the goal of assisting 100,000 homebuyers to purchase homes. Under the program, t

Hello new home buyer, I know that you are frustrated with today's market. Trust me when I tell you that I have been where you are. I know how exciting it is to have finally saved up that 5% down payment for your first home and start looking at properties you can finally afford to purchase. I know how disappointing it is to be beat out on homes over and over again in bidding wars where buyers with cash or more money than you have the upper hand. I want to share with you so

Here is what you need to know about the new shared equity program offered by CMHC and the other insurers that launches today.